Proposed Provision: C1.3. Starting for those age 62 in 2024, index the normal retirement age (NRA) to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131132
2028114114
20299696
20307879
20316061
20324344
20332526
203478
2035-12-10
2036-31-28
2037-51-48
2038-70-67
2039-91-87
2040-112-107
2041-133-128
2042-154-148
2043-176-169
2044-198-190
2045-220-212
2046-243-233
2047-265-254
2048-288-276
2049-311-297
2050-333-319
2051-357-341
2052-380-362
2053-403-384
2054-427-406
2055-450-428
2056-474-450
2057-498-472
2058-522-495
2059-547-517
2060-572-540
2061-597-563
2062-623-587
2063-650-611
2064-677-636
2065-705-661
2066-733-686
2067-762-712
2068-791-738
2069-820-765
2070-850-791
2071-880-819
2072-911-846
2073-942-874
2074-974-902
2075-1006-931
2076-1039-960
2077-1074-990
2078-1108-1021
2079-1144-1053
2080-1181-1085
2081-1218-1119
2082-1256-1152
2083-1294-1186
2084-1333-1220
2085-1373-1254
2086-1413-1288
2087-1453-1322
2088-1494-1357
2089-1534-1392
2090-1574-1427
2091-1613-1461
2092-1651-1494
2093-1689-1528
2094-1726-1560
2095-1762-1592
2096-1798-1626
2097-1833-1657
2098-1868-1686
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